"(Face facts guys, ADY was poorly run, and Vallenar iron was...

"(Face facts guys, ADY was poorly run, and Vallenar iron was poorly run. Without a scoping study, you can get involved in a mining venture which is destined to lose money. You need a resource before you can do a mine plan, and ADY didn't have that when they started buying up Vallenar in 2007. They naffed around a whole year (2006) getting drilling done, and took nearly another year to figure out their Fe resource, and had no idea of the capital expenditures, operating costs, or even how they were going to get their ore from the pit to the port. )"

Blythefan,

We know all that, and I agree with you. But, what are we going to achieve with what is simply past history. Nothing I am afraid. It is only ASIC that can do something about it, If they want to.

And as for selling out, what is the use. With what we will get, we may as well put them in the bottom drawer and forget about them.

Tomorrow is another day, and if by any chance they will come good again (although I would not hold my breath for too long), we may get our money back and probably a little more.

There are some punters out there who bet on a 100 to 1 horse because they like the odd, and funny enough, every now and then one of them come up.

Good luck,

Buddy